Question: Question 4 (3.5 marks total) A rm has the cost function C(q) = (12 and faces the inverse market demand function p = 10,000 2g.

Question 4 (3.5 marks total) A rm has the cost function

Question 4 (3.5 marks total) A rm has the cost function C(q) = (12 and faces the inverse market demand function p = 10,000 2g. a) Suppose the rm operates as a monopolist and is charging a uniform price. Find the monopoly output, and the monopoly price. (1 mark). Find consumers' surplus, producer's surplus and total surplus. (1 mark) h) Suppose the rm operates as a monopolist and is able to practice rstdegree price discrimination. Find the monopoly output, consumers' surplus, producer's surplus, and total surplus. (1.5 marks)

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